In response to reports of the BOJ’s hawkish stance, the USD/JPY dropped to as low as 146.30 yen.
【9/9Market Overview
Tokyo time, the USD/JPY pair continued the downward momentum from the previous session with no fresh drivers,NYstarting from the New York time146.82146.30yen. After that it rebounded to the high 146s.NYIn the U.S. labor department's annual employment statistics revision, it was reported that1yearly employment numbers would be revised downward.91.1 million people were to be revised downward. While market expectations had been for a downward revision of about70to80million, some financial institutions had anticipated a near 100 million downward revision, leading to mixed trading after the release. The USD/JPY briefly fell to146.53yen, but later, due also to higher U.S. Treasuries yields, it was bought back to147.47yen.
【9/10Market View